--- title: "How Much Did CivilGrid Raise? $26M Series A, No Valuation" description: "CivilGrid closed a $26M Series A on August 27, 2026, led by Spark Capital. Energy Impact Partners participated. PG&E is a named customer. Valuation and revenue were not disclosed. The $60M paving figure is a PG&E/company case study." date: 2026-08-27T00:00:00.000Z tags: ["2026-vc-news", "startup-funding", "venture-capital", "climate-tech", "infrastructure"] source: https://venturecapitaltracker.com/2026-civilgrid-26m-series-a-spark-eip --- # How Much Did CivilGrid Raise? $26M Series A, No Valuation > CivilGrid closed a $26M Series A on August 27, 2026, led by Spark Capital. Energy Impact Partners participated. PG&E is a named customer. Valuation and revenue were not disclosed. The $60M paving figure is a PG&E/company case study. **CivilGrid raised $26 million Series A** on **August 27, 2026**. **[Spark Capital](/fund/spark-capital)** led. **[Energy Impact Partners](/fund/energy-impact-partners)** participated. **Unexpected truth:** there is **no valuation** in the company release. The **$60 million** paving line is a **PG&E/company case study**, not audited revenue. A Series A with a named incumbent utility is a distribution signal, not an ARR multiple. This page is for people deciding whether underground-map software (or this grid-construction lane) is worth another hour. Last verified **August 28, 2026**. Facts below are the Business Wire release and TechCrunch’s exclusive. ## Five-minute decision | If you need… | Verdict | | --- | --- | | What happened | **Funded.** $26M Series A, Aug 27, 2026. Spark lead. **No valuation.** | | What CivilGrid is | **Software** that maps what is underground before you dig. Not a battery. Not a generation plant. | | Whether it is shipping | **Named customers:** PG&E, Atmos Energy, Mark Thomas, GHD (company). | | Whether to diligence | **Yes**, if you underwrite interconnection and civil delays. **No**, if you need revenue or a mark first. | **Investigate further when:** you believe the scarce asset is **verified site data** that utilities will pay for before they pour concrete. **Wait or pass when:** you need a disclosed dollar of revenue, or you think [Emerald AI](/startup/emerald-ai) / [Form Energy](/startup/form-energy) already occupies the AI-power allocation. ## What happened | Field | Detail | | --- | --- | | Company | CivilGrid ([civilgrid.com](https://www.civilgrid.com)); CEO Josh Mackanic; HQ San Francisco | | Round | **$26M Series A** · **no valuation** · Aug 27, 2026 (Business Wire) | | Lead | [Spark Capital](/fund/spark-capital) (Alex Finkelstein quoted) | | Directory name | [Energy Impact Partners](/fund/energy-impact-partners) | | Other named names | Afore Capital, A*, Ford Street Ventures, SNR Ventures (no `/fund/` pages) | | Named customers | PG&E, Atmos Energy, Mark Thomas, GHD (company) | | Use of proceeds | National expansion and deeper product (company) | | Traction disclosed | PG&E-attributed: **$60M+** paving conflicts avoided; **40%** less field research/survey; up to **4 months** faster scoping | | Revenue / valuation | **Not disclosed** | TechCrunch: Mackanic left a **10-year** PG&E engineering job after a three-day delay identifying an unknown pipe cost **$60,000**. Founded **2020**. ## What CivilGrid actually does **Product (company):** a collaborative map that consolidates utility assets, municipal projects, environmental rules, and land ownership so builders are not reconstructing the subsurface from PDFs and phone calls. **Job:** get grid, water, telecom, and civil projects from scoping to design without a utility strike. The release cites **200,000** U.S. utility strikes a year and **$30 billion** in related costs — **footnotes in the PR**, not our audit. **$3.7 trillion** infrastructure need in the CEO quote is also **cited in the release**. Do not paste it as a CivilGrid TAM. ## CivilGrid vs Emerald AI vs Form Energy — what differs | | CivilGrid | [Emerald AI](/2026-emerald-ai-150m-series-a-1-05b) | [Form Energy](/2026-form-energy-750m-series-g-sequoia-coatue) | | --- | --- | --- | --- | | Live mark (Aug 2026) | **$26M** Series A, **no valuation** | **$1.05B** Series A | $750M Series G (no new valuation in that post) | | Product | Underground / site-data software | Load-flex software | 100-hour iron-air batteries | | Proof | Named utilities + PG&E case study | Demos + one named commercial site | Manufacturing-scale raise | | Scarce asset claimed | Knowing what is buried | Interconnect / flexibility | Multi-day storage | | Directory LP overlap | [EIP](/fund/energy-impact-partners) | EIP on Emerald’s list too | EIP returning | Same complaint (America cannot build power and pipes fast enough). Three different balance sheets. ## Worked numbers (company figures) Setup: a gas utility wants to avoid paving twice on **1,600** planned distribution projects (the PG&E case study named in TechCrunch). Move: CivilGrid’s product is **not** 1,600 miles of new pipe. It is a **map** the company says lets the utility see paving conflicts before crews roll. Punch: the Series A prices that map at **$26 million** of new capital with **no mark**. If you naively divide the **$60 million** paving claim by **$26 million** raised, you get ~**2.3x** “savings / new equity” — **illustrative only**, and it treats a case study as cash. Do not use it as an ROI. ## When not to use this page - Do not treat **$60 million** as CivilGrid revenue or as independently audited savings. - Do not invent a **valuation**. None was published. - Do not invent `/fund/` pages for Afore, A*, Ford Street, or SNR. - Do not confuse CivilGrid with [Emerald AI](/startup/emerald-ai) (load flex) or with 811 locate tickets. ## Where to go next Entity: [CivilGrid](/startup/civilgrid). Same-week grid tape: [Emerald AI $1.05B](/2026-emerald-ai-150m-series-a-1-05b). Hardware: [Form Energy $750M](/2026-form-energy-750m-series-g-sequoia-coatue). Freight: [Gatik $200M](/2026-gatik-200m-series-d-autonomous-freight). Lead: [Spark Capital](/fund/spark-capital). Month: [August 2026 VC news](/2026-august-vc-news). Directory: [/directory](/directory). **By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy) **Last updated:** August 28, 2026 **Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.